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Housing Today
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Housebuilding output slowed in October amid Budget uncertainty
Eight successive month of growth for construction industry overall
Construction output growth slowed in October amid caution ahead of the Autumn budget
The S&P Global UK Construction Purchasing Managers’ Index (PMI) showed a score of 54.3 in October down from a 29-month high of 57.2 in September.
Despite the lower growth, the index was above the 50% no change mark for the eighth successive month while the score of 54.3 was above the average score in the first half of the year.
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